UK stocks and ADRs yields 5% annually net of costs, taxes, and systematic risk. Unlike arbitrage in other settings, stock-ADR … pairs traders face minimal uncertainty toward price convergence, yielding stable returns. Hence, ADR arbitrage is …

-quote changes in lagging contracts with a directional accuracy in excess of 85%. A simple statistical arbitrage strategy exploiting … arbitrage in this market setting. Overall, our results accord with the view that informational inefficiencies incentivize …

almost an hour to fully absorb it. This delay created significant arbitrage opportunities that can be explained with traders …

We study alternative arbitrage strategies for stocks of Russian companies and the corresponding depository receipts … issued in European exchanges. We describe schemes of arbitrage strategies with and without conversion, estimate all related … transaction costs and compare the net returns. We find significantly profitable arbitrage opportunities. The long-short strategies …

We explore latency arbitrage activities with a new arbitrage strategy that we test with high-frequency data during the … first six months of 2019. We study the profitability of mean-reverting arbitrage activities of 74 cross-listed stocks … involving three exchanges in Canada and the United States. Our arbitrage strategy is a hybrid between triangular arbitrage and …

availability of imputation tax credits to Australian resident investors. Valuation differences across markets present an arbitrage … opportunity, but we hypothesize that transactions costs and risk will inhibit arbitrage and that the valuation difference will …